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Retiree memo clarifies merger impact

In a memo to Delta retirees and survivors mailed Tuesday, Richard Anderson and Ed Bastian clarify what the Delta/Northwest merger will mean to retirees and survivors.

“The proposed merger between Northwest and Delta does not create a risk to earned benefits of retirees and survivors of either company,” the memo said. “Both Northwest and Delta provide a comprehensive and competitive benefit package for their employees and retirees, including retirement income benefits, pre age 65 health care, monthly survivor income benefits, life insurance benefits, free or low-cost standby air travel and more.”

There are several points in particular that are stressed: The merger does not threaten our pension plans; Delta remains committed to continuing substantial healthcare benefits for our retirees; Delta remains committed to continuing life insurance and monthly survivor income benefits for our retirees; and the voluntary retirement and severance programs will not impact the financial security of our other benefit programs.

“[Our] history has included a number of successful mergers and acquisitions, which were made possible by the hard work of employees like you,” Richard and Ed said in the memo. “From the C&S merger in 1953 to Northeast in 1972 to Western in 1987 to Pan Am in 1991, we have continued to strengthen our network. … We are confident we will again show the world that Delta does business a different way, and we will continue to do what is right for our employees, our retirees, our customers and the communities we serve.”

Read Richard and Ed's memo

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